Pursuant to the Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) the Board of Directors today have approved to make strategic investment for the proposed acquisition of 10 000 equity shares of Rs 10/- each representing 100% of the issued and paid up share capital of OpenPlay Technologies Private Limited (OpenPlay) from its existing shareholders i.e. Sreeram Reddy Vanga and Unnati Management Consultants LLP at a consideration of INR 186.41 crores in one or more tranches (Strategic Investment). In the first tranche of the Strategic Investment the Company shall acquire 23.30% of the issued and paid up share capital of OpenPlay for a consideration of INR 43.43 crores by end of Q2 of FY 2021-22.
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